Two prominent, high-profile individuals, both ardent observers of the eurozone, told reporters on Sunday that the single currency will soon be a thing of the past. Paul de Grauwe, a Belgian economist lecturing at the London School of Economics told a Finnish daily that the euro’s woes will eventually bring it down. He added that the blame rest solely on the austerity minded Northern bloc, comprising Germany, Holland and Finland. De Grauwe blamed the tough trio for its save and cut policies and argued that these policies do not correspond with the high expectations the trio’s has for the ailing southern European nations. Bernd Lucke, another skeptic and the founder of Germany’s first eurosceptic party, told The Telegraph on Sunday that Germany has had enough of the single currency. Lucke argues that the euro divides Europeans and will do more harm than good. Unlike de Grauwe, Lucke is a politician whose niche in the debate is quite clear, but de Grauwe wants to see the euro succeed. Motivations aside, both agree that the euro is doomed.
Euro Skepticism





